Business
Fluid Music Announces Status of Mood Media Acquisition
Fluid Music Announces Status of Mood Media Acquisition
About this update from Maximus Metals, Inc.
[{"type":"text","content":"\n\n\n\n Jun. 4, 2010 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n Fluid Music Canada, Inc. (TSX:FMN) ("Fluid") announced today that all of the conditions precedent to closing its previously announced acquisition of Mood Media Group SA ("Mood Media") have been satisfied and closing procedures have been initiated. Fluid expects that Mood Media will confirm receipt of the consideration for the acquisition on or before Monday, June 7, 2010 and closing shall occur thereupon. Fluid will issue a press release confirming closing upon occurrence.\n\nAbout Fluid Music Canada, Inc.\n\nFluid is a leading private label music aggregation and distribution company, providing music solutions to both business and individual consumers. Fluid has compiled a music library of five million songs from a diverse network of producers, including major label, independent and emerging artists. Trusonic, Fluid's wholly owned subsidiary, is a leader in Internet-delivered background music and messaging to the retail and hospitality sectors in North America. Fluid's retail point of purchase division, Somerset Entertainment Ltd. is the leading North American producer and distributor of specialty music sold through non-traditional retailers using interactive displays. It has an active network of over 24,600 interactive displays installed in 18,800 locations in North America. Somerset's customers include leading retailers such as Wal-Mart, Target, Costco, Bed Bath & Beyond and Shoppers Drug Mart. For further information about Fluid, please visit www.fluidmusic.com.\n\nMood Media Group SA\n\nMood Media provides in-store audio, video, media and marketing solutions to a wide range of businesses including specialist retailers, department stores, supermarkets, financial institutions and fitness clubs as well as hotels and restaurants. In total, the Mood Media group supports over 650 international brands in more than 116,000 commercial sites across 35 countries throughout Europe, Australia and Asia. Mood Media's services have a direct impact on consumer purchasing decisions at the point of purchase which makes in-store media a highly effective marketing tool. In-store media services enhance branding in real-time, drive impulse purchases and increase footfall by improving t...